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16 октября, 21:29

DrillCo plans fall through for Jones Energy

Jones Energy Inc., Austin, has scrapped plans to form a drilling joint venture in the Merge and Western Anadarko basins after a potential financing deal fell through.

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16 октября, 19:14

Shell Australia, QGC to drill 250 gas wells in Queensland

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A group led by Royal Dutch Shell PLC that includes Queensland Gas Co. (QGC) plans to drill 250 coal seam gas wells during 2019-20 as part of its program in the Western Downs region of Queensland. The wells will be connected to the existing QGC gas processing plants and produce about 930 petajoules of gas over the next 30 years.

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16 октября, 18:58

Chances rise for Goddard gas development

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Chances for development of the Goddard natural gas discovery in the UK North Sea have risen to 75% after third-party confirmation of the resource estimate, reports Independent Oil & Gas. ERC Equipoise estimated gross midpoint contingent resources at 108 bcf for the main Goddard structure and at 73 bcf for two adjacent structures directly east of the discovery, in line with IOG estimates.

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16 октября, 18:36

Po Valley keeps Italian oil fields after aborted sale

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Po Valley Energy Ltd., Perth, has kept full ownership of its two onshore oil fields in northern Italy northeast of Modena following the blockage of their sale to private UK company Delta Energy Ltd. by a major Delta shareholder.

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16 октября, 18:15

Devon restores full-scale operations at Jackfish 1 complex

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Devon Energy Corp., Oklahoma City, completed additional facilities work at its Jackfish 1 heavy oil project in the southern Athabasca oil sands region of Alberta, and full-scale operations have been restored. The work was related to minor facility repairs identified during turnaround startup activities.

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16 октября, 17:58

MARKET WATCH: Oil benchmark prices supported by ongoing US-Saudi tensions

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Crude oil benchmark prices rose moderately on New York and London markets Oct. 15 amid rising US-Saudi tensions after the disappearance and suspected killing of a dissent Saudi journalist. US President Donald Trump has suggested some punishment if the Saudi government is found to have been involved in the disappearance of journalist Jamal Khashoggi who was last seen entering the Saudi consulate in Istanbul on Oct. 2.

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16 октября, 00:45

EPA proposes revisions in oil and gas operations’ emissions limits

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The US Environmental Protection Agency proposed changes in regulations it issued in 2016 limiting emissions at oil and gas operations. Specifically, it is reconsidering fugitive emissions requirements, wellsite pneumatic pump standards, requirements for certification of closed vent systems, and the alternative means of emissions limitations provisions, EPA said in an Oct. 15 Federal Register notice.

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15 октября, 23:12

WoodMac: Asia-Pacific oil and gas industry set for rebound

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The Asia-Pacific’s oil and gas industry looks set to rebound over the next 12 months as rising demand, stronger commodity prices, and an uptick in merger and acquisition activity bring greater confidence to the region, according to a recent report from Wood Mackenzie.

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15 октября, 19:52

ADNOC to build sulfur pipeline, expand Shah gas processing

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Abu Dhabi National Oil Co. (ADNOC) Sour Gas, a subsidiary joint venture of ADNOC and Occidental Petroleum Corp., is set to build a pipeline to carry molten sulfur produced by its Shah field sour gas operations.

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15 октября, 19:26

Equinor starts production from Oseberg Vestflanken 2

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Equinor and partners started production from Oseberg Vestflanken 2 field in the North Sea using the first unmanned platform on the Norwegian Continental Shelf. Remotely operated from the field’s center, the new Oseberg H platform is fully automatic and serves as a pilot.

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15 октября, 18:45

Lukoil advances V. Filanovsky development

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Lukoil soon will start drilling the sixth production well in second-phase development of Vladimir Filanovsky oil field in the Caspian Sea as a recently completed fifth well holds total production at 6 million tonnes/year. The fifth well, with a main wellbore of 2,956 m and a lateral of 1,735 m, produced at an initial rate exceeding 3,300 tonnes/day of oil, Lukoil said.

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15 октября, 18:33

Aker BP plans King Lear satellite development following acquisition

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Aker BP has agreed to acquire Equinor Energy’s 77.8% interest in the King Lear gas-condensate discovery in the Norwegian North Sea for $250 million with plans to develop it as a satellite to Ula field.